Active and global subcontractor

Nolato

Nolato develops and manufactures products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive and other selected industrial sectors. Over the years Nolato has strengthened its strategic move from being a manufacturer of components to customer specification to being a solutions-oriented advanced partner for its customers. Sales were SEK 6.7bn in 2017 with an EBITA margin of 11.5%. Nolato has a global presence with only 18% of sales from Sweden.

Financials

NOLATO

SEKm 2018 2019 2020
Sales 8102 7426 8262
Sales growth (%) 20,6 -8,3 11,3
EBITDA 1189 1087 1194
EBITDA margin (%) 14,7 14,6 14,5
EBIT adj 938 834 936
EBIT adj margin (%) 11,6 11,2 11,3
Pretax profit 921 812 912
EPS rep 27,3 24,09 26,9
EPS growth (%) 25,6 -11,8 11,7
EPS adj 27,49 24,39 27,26
DPS 14 14 14,2
EV/EBITDA (x) 8 9,6 8,6
EV/EBIT adj (x) 10,2 12,5 11
P/E (x) 13,4 16,8 15
P/E adj (x) 13,3 16,5 14,8
EV/sales (x) 1,2 1,4 1,2
FCF yield (%) 6,7 4,4 4,6
Dividend yield (%) 3,8 3,5 3,5
Net IB debt/EBITDA -0,1 -0,2 -0,3

Main shareholders

Nolato

Main shareholders Share capital % Voting shares % Verified
Lovisa Hamrin 3.3 % 16.1 % 31 Jan 2019
Gun Boström 3.3 % 9.0 % 31 Jan 2019
Lena Boström 2.3 % 8.5 % 31 Jan 2019
Capital Group 8.5 % 4.4 % 31 Dec 2018
Carl-Olof och Jenz Hamrins Stiftelse 5.2 % 2.7 % 31 Jan 2019
Lannebo Fonder 5.1 % 2.6 % 15 Feb 2019
Handelsbanken Fonder 2.7 % 1.4 % 31 Jan 2019
Didner & Gerge Fonder 2.7 % 1.4 % 31 Dec 2018
Vanguard 1.8 % 0.9 % 31 Jan 2019
Dimensional Fund Advisors 1.7 % 0.9 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

Nolato

Name
Dag Andersson Tilk
Carl-Olof och Jenz Hamrins stiftelse
Carl-Olof och Jenz Hamrins stiftelse
Carl-Olof och Jenz Hamrins stiftelse
Carl-Olof och Jenz Hamrins stiftelse
Carl-Mikael Lindholm
Johan Apell
Carl-Mikael Lindholm
Dag Andersson Tilk
Dag Andersson Tilk
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